Goldman Sachs, Morgan Stanley, and Citi Jointly Manage IPO Pricing at Low End of $12.00-$13.00 Range
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2026
0mins
Should l Buy AGBK?
The deal priced at low end of $12.00-$13.00 target range. Goldman Sachs, Morgan Stanley and Citi are acting as joint book running managers for the offering.
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Analyst Views on AGBK
Wall Street analysts forecast AGBK stock price to rise
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Current: 12.000
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Current: 12.000
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Listing Timeline: The IPO is expected to close on February 12, 2026, marking AGI's further expansion into the U.S. market, aligning with its global growth strategy.
- Market Outlook: As a fast-growing Brazilian bank, AGI's IPO will provide essential capital to support its expansion plans in the U.S. market, further solidifying its position in the financial services industry.
See More
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- Exchange Listing Plans: The shares are expected to begin trading on the New York Stock Exchange on February 11, 2026, marking a significant milestone for the company that will enhance its brand visibility and competitive positioning in the market.
- Underwriter Team: Goldman Sachs and Morgan Stanley are acting as active global coordinators, with several other financial institutions involved, reflecting strong market confidence in AGI Inc and bolstering its fundraising capabilities.
- Additional Share Option: AGI Inc has granted underwriters a 30-day option to purchase an additional 3 million shares at the IPO price, further enhancing its fundraising flexibility and potential returns.
See More
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- SOLV Energy IPO Performance: SOLV Energy (MWH) priced its IPO at $513 million, achieving a market cap of $5 billion, which successfully draws investor interest and is expected to further solidify its leadership in the solar infrastructure services market.
- AGI IPO Adjustment: Brazilian consumer bank AGI (AGBK) slashed its deal size by 65% before pricing, ultimately raising $240 million at the low end, and despite regulatory challenges, it continues to provide financial services to underserved customer segments.
- ARKO Petroleum IPO Situation: ARKO Petroleum (APC) priced its IPO at $200 million with a market cap of $830 million, and although its IPO performance was flat, its stable operations in the fuel distribution market lay a foundation for future growth.
- Jaguar Uranium IPO Performance: Jaguar Uranium (JAGU) priced its IPO at $25 million, achieving a market cap of $77 million, and despite market volatility, its focus on uranium exploration may attract more investor attention in the future.
See More
AGI Inc. Shares Drop 8.3% on First Day of Trading Post-IPO
- First Day Trading Performance: AGI Inc. shares fell 8.3% to $11 on their first trading day following the U.S. IPO, indicating cautious market sentiment that could impact investor confidence.
- IPO Pricing Details: The company priced 20 million Class A shares at $12 each late Tuesday, raising gross proceeds of $240 million, although the stock's poor debut may not meet market expectations.
- Underwriter Option: AGI Inc. granted underwriters a 30-day option to purchase up to an additional 3 million shares at the IPO price, aimed at enhancing market liquidity, but the stock's decline may undermine this strategy's effectiveness.
- Market Valuation: Valued at approximately $1.92 billion in the IPO, AGI Inc.'s disappointing first-day performance could affect its future expansion plans and investor confidence despite the successful fundraising.
See More
AGI Raises $240M in U.S. IPO, Valued at $1.92B
- Significant Fundraising: AGI successfully raised $240 million in its U.S. IPO by selling 20 million shares at $12 each, achieving an overall valuation of approximately $1.92 billion, reflecting strong market confidence in its growth potential.
- Clear Market Positioning: As a Brazilian digital bank, AGI's listing marks its further expansion into the U.S. market, following the footsteps of mobile banking app PicPay, indicating the vibrancy and attractiveness of the Brazilian fintech sector in international markets.
- Trading Set to Begin: AGI's stock is expected to start trading on the NYSE later today, which will enhance its market visibility and lay a solid foundation for future capital operations and business expansion.
- Strategic Growth Outlook: This IPO not only provides AGI with essential funding but also establishes a robust capital base for its future expansion plans, positioning it favorably in the competitive fintech landscape.
See More
AGI Digital Bank Raises $240 Million in IPO at Lowered Price
- IPO Fundraising Details: AGI successfully raised $240 million by offering 20 million shares at $12 each, which is at the lower end of the revised range, indicating cautious market sentiment regarding its valuation.
- Adjusted Financing Goals: The company initially aimed to raise $720 million by offering 43.6 million shares at $15 to $18 each, but significantly lowered its targets before the IPO, reflecting changes in market conditions and insufficient investor demand.
- Market Performance Comparison: AGI's IPO follows that of peer PicPay, which had a lackluster debut, closing 20.2% below its offer price on the first day, potentially impacting market confidence in AGI's offering.
- Customer Base and Services: AGI focuses on providing financial services to social security beneficiaries and public/private sector workers, serving 6.4 million active clients across 723 cities as of September 30, 2025, highlighting its strategic positioning in addressing underserved customer segments.
See More
AGI Inc. Sets IPO Price and Plans
- IPO Pricing: AGI Inc. has priced its IPO of 20 million Class A shares at $12 per share, expected to raise $240 million before underwriting discounts and commissions, reflecting strong market confidence in its growth potential.
- Underwriter Option: The underwriters have a 30-day option to purchase an additional 3 million shares, which could enhance the fundraising capability of the IPO and support the company's expansion plans.
- Listing Timeline: The IPO is expected to close on February 12, 2026, marking AGI's further expansion into the U.S. market, aligning with its global growth strategy.
- Market Outlook: As a fast-growing Brazilian bank, AGI's IPO will provide essential capital to support its expansion plans in the U.S. market, further solidifying its position in the financial services industry.
See More
AGI Inc Prices Initial Public Offering of 20 Million Shares
- IPO Pricing Announcement: AGI Inc has priced its initial public offering at $12.00 per Class A common share for 20 million shares, indicating strong market demand for its financial services and potentially raising $240 million in capital.
- Exchange Listing Plans: The shares are expected to begin trading on the New York Stock Exchange on February 11, 2026, marking a significant milestone for the company that will enhance its brand visibility and competitive positioning in the market.
- Underwriter Team: Goldman Sachs and Morgan Stanley are acting as active global coordinators, with several other financial institutions involved, reflecting strong market confidence in AGI Inc and bolstering its fundraising capabilities.
- Additional Share Option: AGI Inc has granted underwriters a 30-day option to purchase an additional 3 million shares at the IPO price, further enhancing its fundraising flexibility and potential returns.
See More
